542 North Kenmore Avenue

Los Angeles, CA 90004

$2,500,000
Price
12
Beds
6
Baths
6,563 Sq. Ft.
$381 / Sq. Ft.
6,563
Sq. Ft.
$381
per Sq. Ft.

Description

Attention investors and developers! An extraordinary investment opportunity awaits in the heart of Los Angeles at 542-544 N. Kenmore Ave. This property boasts a compelling location in the hot Mid-Wishire district. The property has been in use as a rehabilitation facility for two decades but is ready to be developed or returned to its original glory: 4 large 2BR 1BA classic 1920 apartments w/ hardwood floors, high ceilings, etc., plus a 4-bedroom guest/rental unit in the rear building. The bones are...Attention investors and developers! An extraordinary investment opportunity awaits in the heart of Los Angeles at 542-544 N. Kenmore Ave. This property boasts a compelling location in the hot Mid-Wishire district. The property has been in use as a rehabilitation facility for two decades but is ready to be developed or returned to its original glory: 4 large 2BR 1BA classic 1920 apartments w/ hardwood floors, high ceilings, etc., plus a 4-bedroom guest/rental unit in the rear building. The bones are there, but the building will need substantial renovations for this use. Alternatively, develop the property into five-story 15+ unit building, like several others in the neighborhood. Close to freeways and subways, it's an easy commute to DTLA and the Valleys, and just a ten minute walk to LA City College. Our walkable neighborhood is one of the most dynamic and diverse in the US, with a full range of retail and multi-cultural food options close by: Korean BBQ's, cafes, and on-trend restaurants - more are arriving every day. Authenticity and vitality are the keys to this neighborhood; they combine to make this location increasingly sought after by the young creatives pouring in to Los Angeles. Transportation options are critical to your future residents and they are abundant: we are 7 blocks from the Vermont/Beverly Metro station; and close to bus arteries along Beverly and Temple. We also have easy access to the Hollywood Freeway. And yet our street is quiet. Our block has one of the widest streets in the Mid-Wilshire district, creating an almost park-like setting that encourages neighborhood walks and means abundant convenient street parking. We note: the photos are current and show the current institutional use. The property will be delivered vacant and ready for whatever option you choose. Drive by only! DO NOT disturb residents. Please contact the agent for appointment showings.
  1. Listed by Michael O'Reilly • DRE #01396059 • Brokerage DRE #00636086 • Beverly and Company, Inc.

Property Details for 542 North Kenmore Avenue

Water Front
None
Zoning
LAR3
Cross Streets
Vermont and Beverly
Parcel Number
5520008019
Total Units
5.0
Living Area
6563
Source Living Area
Vendor Enhanced
Area
Mid-Wilshire (C17)

Location

Listing Courtesy of Beverly and Company, Inc., Michael O'Reilly, DRE #01396059
Add your commute
LISTING UPDATED: 03/27/2024 03:39 PM

Property Details for 542 North Kenmore Avenue

StatusActive
MLS #24-350471
Days on Market99
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.22 AC / 9,603 SF
CountyLos Angeles County

Location

Listing Courtesy of Beverly and Company, Inc., Michael O'Reilly, DRE #01396059
Add your commute

Building Information for 542 North Kenmore Avenue

Stories2Residences-Year Built1922Building Size-Lot Size0.22 AC / 9,603 SF

Payment Calculator

$13,740 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$96

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 542 North Kenmore Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 2BR+4BR apts
  • View: No
  • View Description: None
  • View: None
  • Entry Floor Number: 1
  • Security Features: Automatic Gate, Fire and Smoke Detection System, Gated, Exterior Security Lights
  • Direction Faces: West
  • Property Condition: Additions/Alter, Tear Down, Repairs Major
  • Water: District
  • Sewer: Paid
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: Yes
  • Personal Property Amount: $.00
  • Water Heater Features: Gas
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash
  • Disclosures: As Is, Cautions Call Agent, Flood Zone
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Actual Annual Gross Rent: $.00
  • Actual Gross Annual Income: $0
  • Actual Rent Total: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2205
  • Lot Size Square Feet: 9603
Parking Details
Parking Details
  • Parking Garage: Driveway, Gated, Carport Attached, Driveway - Concrete, On street
  • Total Parking: 0
  • Parking Features: Driveway, Gated, Attached Carport, Concrete, Street
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood, Stone Tile
  • Equipment: Cable, Ceiling Fan, Dryer, Freezer, Gas Dryer Hookup, Microwave, Range/Oven, Refrigerator, Washer
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Laundry: Outside
Exterior Features
Exterior Features
  • Sprinklers: None
  • Windows: Drapes/Curtains
  • New Construction: No
  • Other Structural Features: Balcony, Two On A Lot
  • Other Structures: GuestHouse
Lease Terms
Lease Terms
  • Entry Date: 01-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $83,991.00
  • Assessed Improvement Percent: 18.83
  • Assessed Land Value: $362,074.00
  • Assessed Land Percent: 81.17
  • Assessed Total Value: $446,065.00

Property History for 542 North Kenmore Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 542 North Kenmore Avenue

Taxable ValueLand$362,074Additions$83,991Total$446,065
Tax Record2023$1,152 ($96 / month)
Home Facts
Total Finished SqFt6,563 SqFtAbove Grade Finished SqFt6,563 SqFtLot Size9,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLAR3CountyLOS ANGELESAPN5520-008-019

Schools near 542 North Kenmore Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alexandria Avenue Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

542 North Kenmore Avenue is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on January 22, 2024 by Beverly and Company, Inc., it's currently listed at $2,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Alexandria Avenue Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 542 North Kenmore Avenue is a 12-bed, 6-bath, 6,563 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Beverly and Company, Inc., Michael O'Reilly, DRE #01396059

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.